MaR Dec 08 2020

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Market Report for Dec 08 2020

Learn the turn

Waiting for pullbacks in stocks you own or stocks you want to own is a good way to compound or enter.

Market Trend:
Up

Market YTD:
Nasdaq Composite +39.5% YTD
S&P 500 +14.3% YTD
Russell 2000 +13.4% YTD
Dow Jones Industrial Average +5.4% YTD

Market Volume:
NYSE Vol: 926 mln (A)
Nasdaq Vol: 4.7 bln (A)

New Positions:
None

Portfolio % of Return:
Stocks: +1712.13
FX & Comms: -5.25

PORT Dec 08 2020

Comments:
The Nasdaq Composite closed at record highs as mega-cap and growth stocks took centre stage.  Further to our weekend webinar when we discussed big comms and tech not rotating, yesterday we saw both sectors moved up with the Nasdaq Composite being the positive index while the S&P 500 and Dow Jones Industrial Average end the day in the red.

SPCE, EDIT, TSLA, SPOT and NET all gain more than 5% in Monday’s session while the biggest loser was TDOC with over 3%.

Energy closed as the worst performer closing -2.34%.

Let’s go trade!